TA: Bitcoin Indicators Suggest Strengthening Case For Break Above $48K

TA: Bitcoin Indicators Suggest Strengthening Case For Break Above $48K

15 Setembro 2021 – 12:08AM
NEWSBTC

Bitcoin price started a decent increase above the $46,000
resistance against the US Dollar. BTC is now back above $47,000,
but it is facing hurdles near $47,600. Bitcoin started a steady
increase above the $45,600 and $46,200 resistance levels. The price
is now trading above $46,500 and the 100 hourly simple moving
average. There was a break above a key bearish trend line with
resistance near $46,000 on the hourly chart of the BTC/USD pair
(data feed from Kraken). The pair must clear the $47,500 resistance
zone to continue higher in the near term. Bitcoin Price Starts
Fresh Increase Bitcoin price remained well bid above the $45,000
level. As a result, BTC started a fresh increase above the $46,000
resistance zone and the 100 hourly simple moving average. The price
broke the $46,200 and $46,500 resistance levels. There was also a
break above a key bearish trend line with resistance near $46,000
on the hourly chart of the BTC/USD pair. The pair was able to climb
above the $47,000 resistance zone. It is now facing resistance near
the $47,500 zone. A high is formed near $47,464 and bitcoin price
is now consolidating gains. It is currently well above the 23.6%
Fib retracement level of the upward move from the $43,374 swing low
to $47,464 high. Source: BTCUSD on TradingView.com An immediate
resistance on the upside is near the $47,400 level. The main
resistance is now near the $47,500 zone. To continue higher,
bitcoin must clear the $47,500 resistance. The next major
resistance is near the $48,000 level, above which the price could
rise towards the key $50,000 resistance in the near term. Dips
Supported In BTC? If bitcoin fails to clear the $47,500 resistance
zone, it could start a downside correction. An immediate support on
the downside is near the $46,500 level. The first major support is
near the $46,000 level. The next key support seems to be forming
near the $45,400 level and the 100 hourly simple moving average. It
is close to the 50% Fib retracement level of the upward move from
the $43,374 swing low to $47,464 high. Technical indicators: Hourly
MACD – The MACD is slowly losing pace in the bullish zone. Hourly
RSI (Relative Strength Index) – The RSI for BTC/USD is now well
above the 50 level. Major Support Levels – $46,500, followed by
$45,400. Major Resistance Levels – $47,500, $48,000 and $49,200.

Bitcoin (COIN:BTCUSD)
Gráfico Histórico do Ativo
De Ago 2021 até Set 2021
Bitcoin (COIN:BTCUSD)
Gráfico Histórico do Ativo
De Set 2020 até Set 2021

Source

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